Analysts expect Diageo PLC to report consensus revenue of $4.23 billion and earnings per share of $0.98, with the current stock price of $81.55 trading significantly below the average analyst target of $116.50.
Investors are predominantly monitoring the organic net sales trajectory in North America, especially the recovery of premium tequila brands like Casamigos and Don Julio following recent inventory normalization.
Recent performance has been dampened by a 9.4% organic sales decline in the U.S. spirits market due to softer consumer demand and high inflation. However, double-digit growth in emerging markets and upcoming marketing activations as the official spirits supporter of the FIFA World Cup are expected to underpin a potential turnaround in the coming months.